đ $USUAL /USDT: Analyzing the Momentum! đđ
The USUAL/USDT pair is currently trading at $1.2618, marking an impressive +37.36% surge in the past 24 hours. With a 24H high of $1.2970 and a low of $0.7500, the market has shown a strong bullish breakout, presenting opportunities for both long and short strategies. Letâs dive into the analysis!
đ„ Short Position Signal
Entry Zone: $1.28 - $1.30
Take Profit (TP):
TP1: $1.20
TP2: $1.10
Stop Loss (SL): $1.35
Rationale: The price is nearing resistance levels after a significant rally, and a correction might be due. Short opportunities can be taken near the resistance zone with tight stop losses.
đ Long Position Signal
Entry Zone: $1.10 - $1.15
Take Profit (TP):
TP1: $1.30
TP2: $1.45
Stop Loss (SL): $1.05
Rationale: Strong bullish momentum and volume support further upside. Retracements towards $1.10 can be ideal for long positions, aiming for new highs if resistance at $1.30 breaks.
Market Context đ§
The pair has experienced an explosive rally, but profit-taking or consolidation may occur. Watch for volume confirmations and key levels for potential breakouts or reversals. Risk management is essential to navigate the volatility. Secure partial profits and adjust stop losses as targets are hit.
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